Market Wrap: Bitcoin Stuck Below $60K; Cardano’s Sixfold 1Q Gains Led CoinDesk 20
$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
Bitcoin mining revenue broke a new record in March, fueled by the BTC price rally.
Elon Musk's tweets keep sending dogecoin into the stratosphere, now with a market capitalization over $8 billion.
The new generation of HODLers were forged during market rallies over the past year, and show no signs of slowing down.
Bitcoin traded in a tight range during Asian hours; resistance around $60K and support around $57K-$58K.
Institutional demand propels filecoin ahead of litecoin.
Bitcoin's call options are drawing higher value than puts.
Recording bitcoin transactions on a blockchain is fundamentally "more accurate" than using a blockchain for, say, birth certificates.
Bitcoin finishes the first quarter double where it started the year, versus a 5.8% gain for the S&P 500. No wonder Goldman's clients want in.
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
Bitcoin outshines gold as inflation expectations rise.
There's a debate raging among bitcoin technical analysts over whether the "bull flag" chart pattern even has a flagpole.
BTC stalled just shy of $60K resistance during Asia hours. Support is around $54K.
Bitcoin's funding rates are rising, a sign traders are willing to take more risk in betting on a fresh rally.
The recent rise appears to show traders finding a renewed appetite for risk taking following a market shakeout over the past of couple weeks.
This marks the first time that HMRC has released guidance specifically describing how staking is treated for taxation purposes. It has been assumed previously that staking comes under the umbrella of mining, thus the same guidance has applied.
Intraday overbought signals are not yet extreme, which should keep buyers active towards $60,000-$61,000.
The move could speed the use of crypto in day-to-day commerce.
About 87% of bitcoin's performance was delivered while the U.S. 10-year bond yield has been rising, one observer said.
The quick recovery to near $58,000 demonstrates stronger confidence from investors in the oldest and largest cryptocurrency.
No wonder cryptocurrency markets were so lackluster last week: There just wasn't much appetite from investors to put new money into funds.
Historically, the implied volatility spread has proven a reliable indicator of upcoming shifts in market leadership.
But traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.
Despite the company’s strong business model and experienced leaders, there are significant risks customers need to understand.
Bitcoin picks up a bid as payments giant Visa adds support for USDC – the second-biggest stablecoin.
After two days of sell-offs, bitcoin bulls finally returned.
Volatility is a measure of risk, and that's often measured in relation to returns. By that measure bitcoin is a beast so far this year.
"Nothing like this has ever happened before," says economist Ian Shepherdson.
The batch of processors will add 1,600 GH to Hut 8's mining capacity.
BTC held support around $50K and is approaching resistance around $56K.